Member Views

Why US multilateral leadership was key to the global financial crisis response

Ten years after the onset of the global financial crisis, one of its most under-appreciated legacies is the strong U.S. embrace of multilateralism to address growing financial interlinkages around the world.

Is the next financial crisis already brewing?

As we mark the tenth anniversary of the global financial crisis, there have been plenty of postmortems examining its causes, its consequences and whether the necessary lessons have been learnt.

Mapping the Multilateral Concessional Finance Landscape

On September 19, the Center for Global Development will convene representatives from the leading multilateral development funds, their donors and recipients, and independent experts to discuss the next round of negotiations that will determine how much money these funds will have available in the years ahead and how they will spend it.

What's changed since the 2008 financial crisis in four charts

This month will mark the 10-year anniversary of Lehman Brothers’ collapse. In many ways, the global financial system is better off as a result of the extraordinary stabilization measures taken after 2008. But some familiar risks are creeping back, and new ones have emerged.

Can Turkey Rewrite the Crisis-Management Rules?

Rather than sticking with the approach taken by numerous other countries – including Argentina earlier this year – by raising interest rates and seeking some form of IMF support, Turkey has shunned both in a very public manner. Unless it changes course, the government risks much wider damage – and not just in Turkey.

A rare, nonpartisan good news story in Washington

One of the government’s most important obligations is to protect our national security. Getting the details right for how to do so often leads to debate and disagreement, as it should. Unfortunately, such discussions can devolve into partisan acrimony.

How to Make the Global Economy Work for Everyone

A period of unprecedented prosperity is threatened by a sense that not everyone benefits from integration.

Since the end of World War II, a broad consensus in support of global economic integration as a force for peace and prosperity has been a pillar of the international order.

America’s Grassroots Saviors

At the same time that Donald Trump and congressional Republicans are failing to address critical issues such as economic insecurity and climate change, state and local governments are taking action. Across the country, Americans – regardless of class or party – are rolling up their sleeves and working to improve their communities.

A proposal for the Fed’s balance sheet

To save financial institutions from the collapse that threatened them after the bankruptcy of Lehman Brothers in September 2008, the Federal Reserve purchased government securities and Mortgage Backed Securities (MBS) sufficient to increase the size of its asset holdings from $0.9 trillion to $4.5 trillion by the end of 2014.

Addressing Global Agreements in Digital Trade

The failure of the Trans-Pacific Partnership (TPP) and indefinite suspension of the Transatlantic Trade and Investment Partnership (TTIP) marked the death knell of large complex multilateral trade and investment agreements.